I'm generating around 50/day, but I'm selling off every 200-300 to ensure that my hardware is all paid off rather than holding it for speculation. Depending on difficulty jumps, all my 5 rigs should be paid for in about 5 weeks.

I'm still unsure about what the difficulty change will be AFTER this one due to the OCN thread causing a big spike in computing power during this difficulty, which is already starting to die down. The damage has already been done by it regarding the next jump, but I have a feeling the following jump will be minor (< 5%), or even a drop.

I'm generating around 50/day, but I'm selling off every 200-300 to ensure that my hardware is all paid off rather than holding it for speculation. Depending on difficulty jumps, all my 5 rigs should be paid for in about 5 weeks.

I'm still unsure about what the difficulty change will be AFTER this one due to the OCN thread causing a big spike in computing power during this difficulty, which is already starting to die down. The damage has already been done by it regarding the next jump, but I have a feeling the following jump will be minor (< 5%), or even a drop.

What if the difficulty goes through the roof, and you have sold all of your bitcoins to pay for your rig? Then you'll just be left with a bunch of video cards and nobody to sell them to

I have less then 1 as I spent some and only have a radeon 5670 and I don't run it 24/7. Also, I only found this from ocn the other day and am quite mad they don't allow discusion of bitcoin on their site.

I have less then 1 as I spent some and only have a radeon 5670 and I don't run it 24/7. Also, I only found this from ocn the other day and am quite mad they don't allow discusion of bitcoin on their site.

Well you can certainly discuss bitcoin here

Just a suggestion, if you're just here for the mining, take a few minutes to read over what bitcoin is and why it's so good - odds are you probably will want to actually use it rather than just mine

I have less then 1 as I spent some and only have a radeon 5670 and I don't run it 24/7. Also, I only found this from ocn the other day and am quite mad they don't allow discusion of bitcoin on their site.

Well you can certainly discuss bitcoin here

Just a suggestion, if you're just here for the mining, take a few minutes to read over what bitcoin is and why it's so good - odds are you probably will want to actually use it rather than just mine

Oh, no I'm not here just for mining. I think the entire idea is great. My dad is just a little skeptical. He wories about the legality and also thinks it is a sort of get rich quick scheme. I think it is great to have a currency that is not goverment controlled especialy the way the US has been managing the money supply.

Your dad is a wise man--BitCoin itself is supposed to be a currency, not a moneymaker. The real work of growing the BitCoin economy requires people to build businesses and earn wages in bitcoins. People making money in mining or speculating right now are just profiting off of being ahead of the curve. It's still a long, hard road before BitCoin becomes stable and established. There's no such thing as free money!

If you found my post helpful, feel free to send a small tip to 1QGukeKbBQbXHtV6LgkQa977LJ3YHXXW8BVisit the BitCoin Q&A Site to ask questions or share knowledge.0.009 BTC too confusing? Use mBTC instead! Details at www.em-bit.org or visit the project thread to help make Bitcoin prices more human-friendly.

Your dad is a wise man--BitCoin itself is supposed to be a currency, not a moneymaker.

Bitcoin is whatever the market decides it is.

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The real work of growing the BitCoin economy requires people to build businesses and earn wages in bitcoins.

Even if Bitcoin was used purely as an investment vehicle it could still become a large and sustainable economy in its own right.

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People making money in mining or speculating right now are just profiting off of being ahead of the curve. It's still a long, hard road before BitCoin becomes stable and established. There's no such thing as free money!

Yes there is. Every time anyone in history has managed to raise productivity simply by doing things more cleverly, new wealth was created without the need for extra work. This new wealth is effectively free money emerging out of thin air. Bitcoin is one such example.

I got lucky and minted a block of 50 about a week ago. I don't expect that to happen again soon, but it was pretty exciting!

I'm wondering how many to keep and how many to let go. Do I understand right, that for my minted coins, on the ones I spend and release into the market, I collect any transaction fees on my coins as they are spent through the economy?